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Decimal System (Copper Coins)

Volume 650: debated on Wednesday 6 December 1961

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asked the Chancellor of the Exchequer whether, in order to discourage hoarding of copper coins in anticipation of the decimalisation of the penny in relation to the shilling, he will announce that new coins will be struck for the penny and, if desirable, for the halfpenny, and that the old copper coins will be withdrawn after being exchanged at their appropriate value.

I must ask my hon. Friend to await the statement on decimalisation which my right hon. Friend hopes to make before the end of the year.